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The Fahrenheit Mid-Atlantic Total Compensation Survey
Richmond, VA – October 6, 2015 – The Fahrenheit Group is conducting the Mid-Atlantic Total Compensation Survey for Small and Middle Market Companies. Now in its 25th year, the survey provides the most comprehensive information regarding competitive market-based salary and incentive data, salary adjustments, cash and equity incentive plans for executives and technical professionals, and trends in human resource practices…Read More -
Do Annual Reviews Really Foster High Performance?
Traditional annual employee reviews can be enormously time-consuming. They generally involve stacks of evaluation forms, a myriad of performance criteria and various numeric ranking systems. According to business researchers CEB, a survey of employers found that managers spend an average of 210 hours a year in complex performance evaluation processes. And employees themselves each spend about a week gearing…Read More -
Fifty Shades of Green
You recycle your trash, buy only CFL or LED light bulbs, take your re-usable tote bags to the grocery, and maybe even drive a hybrid car, but are you still confused by all the Green marketing that you see on a daily basis? Do you wonder what it all means and what, if anything, you can you do to be…Read More -
How to Build a Winning Company Culture
Posted Tuesday, September 15, 2015 - Virginia Council of CEO's Do a little background research on Rich Reinecke and you quickly turn up words and phrases like “entrepreneur,” “executive search industry professional” and “largest firms in the country.” But that’s old news. Today he’s a business builder and connector, a hirer of phenomenally talented people, and a nurturer of one officially…Read More -
Boost Employee Productivity by Reducing Distractions and Stress
At a time when many employers are keeping employee headcounts down, the importance of productivity has never been greater. Streamlining is good, but it can be a grave mistake to assume productivity will increase when you spread the same workload over fewer employees. That is, unless you also confront long-standing impediments to productivity that will only be exacerbated when payroll…Read More -
The Fahrenheit Group establishes its Carolinas practice in the Research Triangle Park-area
For Immediate Release Contact: Amanda Colocho, 804.788.1414 The Fahrenheit Group establishes its Carolinas practice in the Research Triangle Park-area The firm taps long-time area finance and business executive, Vincent Morgus as Managing Partner Raleigh, N.C., Sept., 16 2015 – The Fahrenheit Group—a Richmond, VA-based, full-service advisory firm – is pleased to announce that Vincent T. “Vince” Morgus will be joining…Read More -
Tips on Simplifying the Budgeting Process
As we go deeper into the second half of 2015 an article from 2011 has started recirculating in accounting and finance circles. Why? I am not sure. But, maybe the realization that we are no too far from autumn has people realizing that means we are not too far from…BUDGET SEASON!
There are not many words in accounting and finance…Read More -
The Advisor’s Impact on the Sale: Maximizing Exit Value
Scott Ukrop An entrepreneur’s most significant financial payoff for all the late nights, weekends and tremendous amounts of hard work often comes in the form of an exit event. Even if the entrepreneur isn’t considering exit options throughout the life cycle of the business, the investors most certainly are. However, what is the best way to maximize the outcome for…Read More -
Attract the Best Applicants with Strategic Interviews
It's one thing to get good candidates to agree to a job interview. But how do you use that opportunity to get those people excited about working for your company? As the person doing the hiring, you have an edge that you can use to sell the best applicants on your company.
In a poll that measures candidate behavior, the online…Read More -
Set a Realistic Price for Your Business
Selling a business is a goal for many owners — either as part of a succession or estate plan. If the time for selling is getting close, you want to come up with a price that you and a buyer can agree on. Here is a look at what is involved in price setting and how to determine a realistic…Read More -
Non-Compete Agreements: What Can They Accomplish?
Non-competes are based on fear -- fear that an employee might run off to a competitor and take along some highly specialized knowledge. And while that concern is legitimate, non-compete agreements must be phrased carefully and they cannot unreasonably restrict a former employee's activities. It may seem ironic that companies encourage innovation and brilliance while employees are on the payroll,…Read More -
2016 Budget? …Don’t Forget to Feed it!
How do you make 2016 look just like or worse than 2015? You slap together a “budget” in an hour or two and declare it complete and don’t look at it again until Q2 ’16.
A budget is only useful if it is developed with three primary ingredients:
Buy-in
“Stretchiness”
Care and Feeding
Buy-in doesn’t mean that the management team…Read More